Franklin Wireless Corp.
FKWL Technology Communication Equipment
Franklin Wireless Corp.’s revenue for fiscal 2026 (year ended June 2026) was $36.5 million, down 20.8% from fiscal 2025. In the quarter to June 2026, revenue grew 21.2%, EPS fell 1,649.7% and free cash flow fell 138.4%, each against the same quarter a year earlier.
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Franklin Wireless Corp. (FKWL) Piotroski F-score
Franklin Wireless Corp.'s Piotroski F-score for fiscal 2026 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 2 | (5.00) |
| FY2025 | 7 | 4.00 |
| FY2024 | 3 | (1.00) |
| FY2023 | 4 | 2.00 |
| FY2022 | 2 | (4.00) |
| FY2021 | 6 | 0.00 |
| FY2020 | 6 | 0.00 |
| FY2019 | 6 | 3.00 |
| FY2018 | 3 | (3.00) |
| FY2017 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.71%) | (0.50%) | Fail | 0 |
| Positive operating cash flow | (6.30m) | 1.84m | Fail | 0 |
| Rising return on assets | (9.71%) | (0.50%) | Fail | 0 |
| Cash flow above net income | (1.55m) | 2.09m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 2.67 | 3.64 | Fail | 0 |
| No new shares issued | 11,784,300 | 11,784,300 | Pass | 1 |
| Rising gross margin | 17.13% | 17.17% | Fail | 0 |
| Rising asset turnover | 0.75 | 0.94 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BOSC B.O.S. Better Online Solutions compare | 8 |
| CMTL Comtech Telecommunications Corp. compare | 5 |
| WATT Energous Corporation compare | 5 |
| AIRG Airgain, Inc. compare | 5 |
| CMBMF Cambium Networks Corporation compare | 5 |
| INSG Inseego compare | 4 |
| AMPG AmpliTech Group, Inc. compare | 2 |
| FKWL Franklin Wireless Corp. | 2 |
| UTSI UTStarcom Holdings Corp compare | 1 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover